State Farm notifies reinsurers of $1.03bn gross Ian loss
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State Farm notifies reinsurers of $1.03bn gross Ian loss

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US personal lines giant State Farm has told its reinsurers that it expects claims from Hurricane Ian in Florida to total $1.03bn, excluding its auto book, this publication understands.

The Bloomington, Illinois-based company is seen as a bellwether for the overall size of the homeowners loss, with significant scepticism around disclosures by the Florida specifics, given their track record of loss creep after Hurricane Irma.


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